Gate Crypto Flash News and Market Updates

NYMEX August WTI crude oil futures settled at $68.58 per barrel, while natural gas futures closed at $3.22 per million British thermal units. August gasoline futures ended at $2.9452 per gallon, and heating oil futures settled at $3.2179 per gallon.

On July 1 (Wednesday) evening, Shanghai Gold Exchange's Gold T+D closed up 1.76% at 886.5 yuan per gram, while Silver T+D rose 2.96% to 14,552.0 yuan per kilogram.

According to The Block, Venice AI, a privacy-focused AI platform founded by crypto entrepreneur Erik Voorhees, raised $65 million in a Series A funding round on Wednesday. Dragonfly led the round, with participation from North Island Ventures, Coinbase Ventures, F-Prime, Archetype, Liquid2 Ventures, and Morgan Creek. The round values Venice's equity at $1 billion, Voorhees announced. Investors received an 8.98% equity stake, a vesting grant of 1.5 million Venice (VVV) tokens, and warrants to pur

Shanghai Futures Exchange crude oil futures contract 2608 closed down 3.43% overnight at 444.60 yuan per barrel. Shanghai gold and silver rose 1.23% and 1.44% respectively in the night session.

According to ChainCatcher, Robinhood launched Robinhood Chain, a Layer 2 blockchain enabling tokenized stock trading across 120+ countries. The company simultaneously introduced Robinhood Earn, a decentralized lending product offering approximately 7% yield based on USDG.

As the second quarter ended, gold fell over 14% in one of its worst quarters in years, while silver took a harder hit, declining over 21% in June alone, according to Blue Line Futures analysis. Both metals retreated to levels not seen since late 2025, reversing a historic rally that had carried them to record highs in the first half of 2026.

According to analyst Omkar Godbole, Bitcoin fell below its 200-week moving average for the first time since October 2023, recording its worst monthly close since June 2022 with an approximately 20% decline in June. The break below the key technical level, historically considered the dividing line between bull and bear markets, signals a potential shift in long-term trend. Godbole predicts further downside, forecasting Bitcoin could drop to between $48,000 and $55,000, citing a bearish Marubozu c

According to Kalshi prediction market, the USMNT is priced at 85% to advance past Bosnia and Herzegovina in the Round of 32 on July 1, making it one of the most lopsided knockout odds on the board. U.S. World Cup title odds have fallen sharply to 5% on Kalshi after a tougher draw, with Polymarket pricing the same bet even lower at around 3%. On Polymarket, the USMNT is priced at 90% to advance, with 70% for an outright win, 20% for a full-time draw, and 11% for a U.S. loss in regulation.

According to ChainCatcher, Spain's National Securities Market Commission authorized cryptocurrency platform Venga on July 1, 2026, under the European Union's Markets in Crypto-Assets Regulation (MiCA). The authorization allows Venga to operate across all 27 EU member states under a single regulatory framework. The MiCA transition period became effective on July 1, requiring previously registered digital asset companies to obtain formal approval or cease providing regulated services. Approximatel

On Wednesday (July 1), the Korean Won fell 0.09% against the U.S. Dollar, closing at 1,550.11 won. The currency touched an intraday low of 1,559.01 won, approaching its lowest level since March 6, 2009, when it hit 1,597.45 won.

According to the UK Maritime Trade Operations, on July 1, two incidents involving vessels occurred in waters south of Balhaf, Yemen. In the first incident, four armed individuals in a small boat illegally boarded a merchant vessel, damaging the bridge and cabin areas. The ship's crew retreated to a safe room and remained secure; the small boat subsequently left the vessel but remained in the vicinity. In the second incident, approximately 85 nautical miles south of Balhaf, a small boat approache

According to Iran's state media, on July 1, Iran's Deputy Foreign Minister and chief nuclear negotiator Kalibar Abadi stated that during a tripartite meeting in Doha between Iran, Qatar, and Pakistan, Iran's delegation raised concerns that the U.S. has violated the first clause of the Iran-U.S. memorandum of understanding regarding ending the Lebanon conflict. Abadi announced that Iran will establish a supervision committee to monitor and report violations of the agreement through direct communi

According to German media, German federal prosecutors charged Ukrainian suspect Sergey K on July 1 over alleged involvement in the destruction of the Nord Stream natural gas pipelines. Prosecutors accuse him of attacking civilian energy infrastructure, causing explosions, and damaging buildings.

According to Xinhua, on July 1, Venezuela's acting president Rodriguez announced a seven-day national mourning period beginning at 6 p.m. the same day, following the devastating earthquake that struck the country on June 24 and caused casualties.

According to Bloomberg, European Central Bank Governing Council member Yannis Stournaras said he does not expect any monetary policy adjustments in July, signaling reduced likelihood of further interest rate increases. Maintaining the current policy stance for a period may be appropriate, he noted. Stournaras added that the ECB must monitor the indirect impact of geopolitical tensions, particularly the conflict involving the U.S. and Israel, on price developments.

According to Axios, Meta Platforms Inc. (META) appointed Chief Marketing Officer Alex Schultz as Chief Data Officer on Wednesday, while promoting Vice President of Consumer Marketing Denise Moreno to CMO. The stock surged more than 11% on Wednesday afternoon. As Chief Data Officer, Schultz will lead Meta's global AI analytics efforts while continuing to oversee infrastructure analytics. Moreno, who helped grow Threads to over 500 million users, will focus on driving product and app success.

According to NPR, Zuckerberg met Kalshi co-founder and CEO Tarek Mansour in 2025 to discuss acquiring the prediction exchange, but talks never advanced to a formal offer. Sources disagreed on why negotiations collapsed: some said Mansour was unwilling to sell, while others said Meta determined the legal and regulatory risks too complex. Instead, Meta is building Arena, a standalone app using play money rather than real-cash wagers to sidestep gambling classification challenges facing Kalshi and

According to Bernstein on July 1, the investment firm maintained an Outperform rating and $190 price target for Circle Internet Group (NYSE: CRCL), representing over 200% upside from the stock's previous close of $62.63 on June 30. Bernstein cited strong transaction volume data for USDC, Circle's stablecoin, which processed $5.3 trillion in the first half of 2026, with USDC's transaction share rising from around 40% in 2025 to approximately 60% year-to-date. The analyst noted that despite the la

According to Odaily, Streamex Corp.'s GLDY tokenized gold-backed securities are now available for purchase through regular brokerage accounts via FINRA member broker Siebert Financial. The securities, initially launched in February and gaining secondary trading on Solana's Orca decentralized exchange in May, offer an annualized yield of up to 3.5% distributed monthly in additional gold, derived from lending underlying metal to jewelry makers, mints, and refiners.

According to reports on July 1, Meta Platforms is planning to enter the AI cloud services market by renting out computing power and AI models to external companies and developers. The company intends to offer two service models: providing API access to Meta AI models like Llama, similar to AWS Bedrock, and leasing raw GPU computing resources comparable to CoreWeave's offerings. The initiative, part of Meta's "Meta Compute" plan, aims to monetize its massive data center infrastructure and AI chip